Central Banks Preparing for Global Crisis by Grabbing Gold
General public left out of loop
General public left out of loop
Turkey leading buyer for third straight month
Prices almost hit seven-year high before president’s official statement
However, overall impact from crisis has negatively impacted markets
National Bank of Slovakia holds 31.7 tons of gold valued at around $1.4 billion
Many nations adding to their stockpiles amid global economic uncertainty
Banks worldwide ripping themselves away from Fed’s dollar
Four banks account for bulk of recent purchases
JP Morgan actually hoarding significant amounts of silver
Says Fed has been artificially suppressing interest rates, particularly since 2008 financial crisis
Country’s gold reserves top $100 billion
Former Federal Reserve Chairman says aging population plans to live longer than originally expected
Banks add another net 13.9 tons of gold to their reserves
Peter Schiff says Fed makes life easy for elected leaders
Communist country imported $60 billion in gold last year